These are loans that are given to salaried individuals whose organisations / employers signed Memorandum of Understanding (MoU) with Cofund. Under this scheme, clients are able to access both productive and consumptive loan facilities.

We give personal salary based loans to suit your every need. From small loans to bridge that small financial gap to larger loans that can be used to invest in your education, business start-up, building assistance and funeral assistance.

Requirements

1. Must have a legal running business.

2. Trading License and Registered with PACRA.

3. TPIN Number.

4. Business records for the past 6 months to 1 year.

5. Guarantor either working with the net pay equivalent to a loan instalment (provide 3 months’ latest copy pay slips) or assets (collateral).

6. 2 passport size photos of both the Director and Guarantor.

7. NRC Copy of both the Director and Guarantor.

8. Loan history documents.

9. Bank statement.

10. CRB Report.

11. UBA account (open an account with NECOR or Z-pay Visa Card).

12. All assets pledged will be photographed by Cofund Officers.

We offer businesses Order Financing to SMEs for orders yet to be performed.

Requirements

1. Must have a legal running business

2. Trading License and Registered with PACRA.

3. TPIN Number.

4. Business records for the past 6 months to 1 year.

5. The order must be from a reputable corporation or organization based in Zambia.

6. Cofund must confirm the order.

7. Quotation from a reputable supplier specifying delivery time, payment terms and product specifications

8. Letter of undertaking from the corporate/organization to remit funds.

9. Loan history documents.

10. Bank statement.

11. CRB Report.

12. UBA account (open an account with NECOR or Z-pay Visa Card).

Requirements

1. Processing fees 8 % / insurance 2% deducted from the loan amount applied.

2. Interest 6.5% flat rate.

3. Debt service ratio 66%.

4. Maximum Loan amounts K3,000 to K100,000=00.

Requirements

1. Motor vehicles – comprehensively insured, ownership to change to Cofund by the client. Cofund will only assist with the letter and copy of company certificate of registration to facilitate the process.

2. Title deeds – Client to write a deposit letter, Caveat to be placed on the property for loans lower than K50, 000. For loans above K50, 000 mortgage Lawyers have to be used.

3. Household Goods – Television sets, Home theatres, fridges, stoves, sofas, microwaves, washing machines, etc.

4. MOU – with companies, to allow employees to borrow.

5. Posted cheques / Direct Account Transfer System.